We are approaching an exit very soon. That is if DMI 4 touches
the top bollinger band
the top bollinger band
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DislikedHello Golden,
I appreciate the DMI indicator. I really do appreciate it, however it won't let me overlay a Bollinger band over it.
See in the latest chart how to take a 30 or 35 pip win when the DMI 4
reverses and touches the top Bollinger band.
Nice and neat !!!Ignored
DislikedMaxwell,
Interesting method - I was wondering how you approach the SL and TP question?. I guess you go for a fixed SL but TP looks more variable. A fixed TP would get you your +10 but take you out of longer runs.
How do you manage this?Ignored
DislikedHi Maxwell. I am learning thanks to you
Can you tell me the rules for the 14 DMI?
sorry for my english.Ignored
DislikedI will tell you the rules later. It is very good for filtering low price action
trades when the market does not move.
Please be patient. I will reveal this later.
Thanks.Ignored
DislikedSure you can Golden
If you want bigger trades you can either use the DMI 4 on a higher time
frame. If you want 100pips win then use a higher time frame.
If wanna use the DMI 14 alone then I have to do a little tweaking with
the Bollinger band on it (that is the Bollinger band will be set at a different level).
See the new chart for another 30 pips (I did call this live)
How many pips do you like to go for.
I do not really like to sit and watch the screen. It sometimes takes only
10 mins to win two trades. Or in the morning sessions it...Ignored
DislikedI am definitely interested in a twist for myself and I would love to share it back to you and the group if it might help anyone --- so yeah please
what do you suggest I try on the 5 min for the bollinger bands using
14 dmi instead?
honestly I dont like trading higher than 5 min tf.. 1 and 5 for the past two years for me
so want to stick to perfecting those.
thanks!
BrianIgnored
DislikedHello Edge,
I am not sure if someone has asked this before, but here is a quick question: Do you ever re-enter a trade beofre the trix has crossed back over? For example, the Trix is under 0 and you have already made your 10 pips going short, then the candle crosses above the MA and then next bar crosses back down. Would you go back for more or wait?
Thanks again for all your contributions.Ignored
DislikedGolden please,
If you wanna trade the lower time frame for 100 pips then it will be quite
difficult and it will be of low probability man.
You want high propablity trades.Ignored
DislikedI am definitely interested in a twist for myself and I would love to share it back to you and the group if it might help anyone --- so yeah please
what do you suggest I try on the 5 min for the bollinger bands using
14 dmi instead?
honestly I dont like trading higher than 5 min tf.. 1 and 5 for the past two years for me
so want to stick to perfecting those.
thanks!
BrianIgnored
DislikedNo just cherry picking..less trading more results...that
was not the intent.Ignored
DislikedJust in case.. If anyone might be interested..some people
like dynamic colors, some don't. If you do, check out this osma
it also has a nice alert if you want to use it...depending
on what you are doing
BrianIgnored